Grupo Aeroportuario del Sureste (NYSE:ASR) Shares Gap Down – Should You Sell?

Grupo Aeroportuario del Sureste, S.A. de C.V. (NYSE:ASR) shares gapped down before the market opened on Wednesday . The stock had previously closed at $305.21, but opened at $296.04. Grupo Aeroportuario del Sureste shares last traded at $299.34, with a volume of 3,018 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Zacks Research lowered Grupo Aeroportuario del Sureste from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Grupo Aeroportuario del Sureste in a report on Friday, November 14th. Morgan Stanley downgraded shares of Grupo Aeroportuario del Sureste from an “equal weight” rating to an “underweight” rating and set a $300.00 price target on the stock. in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Grupo Aeroportuario del Sureste in a research report on Wednesday, October 8th. Finally, Citigroup reiterated a “buy” rating on shares of Grupo Aeroportuario del Sureste in a research note on Wednesday, September 10th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $305.00.

Grupo Aeroportuario del Sureste Stock Down 2.2%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.16 and a current ratio of 5.16. The stock has a market cap of $8.96 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 8.54 and a beta of 0.77. The company’s fifty day moving average price is $312.18 and its 200-day moving average price is $318.15.

Grupo Aeroportuario del Sureste (NYSE:ASR) last announced its earnings results on Wednesday, October 22nd. The transportation company reported $3.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.26 by ($1.42). Grupo Aeroportuario del Sureste had a net margin of 31.96% and a return on equity of 17.47%. The business had revenue of $478.54 million for the quarter, compared to analysts’ expectations of $502.91 million. Equities analysts forecast that Grupo Aeroportuario del Sureste, S.A. de C.V. will post 23 EPS for the current year.

Grupo Aeroportuario del Sureste Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Monday, December 8th. Stockholders of record on Wednesday, November 26th will be paid a $8.1473 dividend. The ex-dividend date is Wednesday, November 26th. This represents a dividend yield of 273.0%. Grupo Aeroportuario del Sureste’s dividend payout ratio is presently 200.48%.

Institutional Trading of Grupo Aeroportuario del Sureste

A number of hedge funds have recently added to or reduced their stakes in ASR. Assetmark Inc. grew its position in shares of Grupo Aeroportuario del Sureste by 494.7% in the second quarter. Assetmark Inc. now owns 113 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 94 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Grupo Aeroportuario del Sureste by 13,800.0% in the second quarter. Hantz Financial Services Inc. now owns 139 shares of the transportation company’s stock worth $44,000 after acquiring an additional 138 shares during the last quarter. State of Wyoming purchased a new stake in shares of Grupo Aeroportuario del Sureste during the third quarter worth approximately $46,000. EverSource Wealth Advisors LLC raised its stake in Grupo Aeroportuario del Sureste by 766.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 156 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 138 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Grupo Aeroportuario del Sureste in the 2nd quarter valued at $58,000. 10.57% of the stock is owned by hedge funds and other institutional investors.

Grupo Aeroportuario del Sureste Company Profile

Grupo Aeroportuario del Sureste, S. A. B. de C. V. holds concessions to operate, maintain, and develop airports in the southeast region of Mexico. The company operates airports that are located in the cities of Cancún, Cozumel, Mérida, Huatulco, Oaxaca, Veracruz, Villahermosa, Tapachula, and Minatitlán.